Top Luxury Areas to Buy an Apartment in Dubai
The Emirate of Dubai is renowned for its extravagant lifestyle, world-class facilities and top-of-the-line amenities. That being said, purchasing a luxury apartment in Dubai and availing of all of these facilities is a dream come true for many people. Buyers can choose from a myriad of luxury apartments ranging from high-rise penthouses to sea-front apartments. However, distinguishing between luxury and affordable areas to purchase an apartment is a difficult task. To cater to this, here we have listed the top luxury areas to buy apartments in Dubai.
Let’s dive a little deeper into these areas and elaborate further on the features which make these areas luxurious.
Luxury Areas to Buy Apartments in Dubai
Here is the list of areas of Dubai where you can purchase a luxury apartment.
Dubai Marina
If you are looking for an urban community with a waterfront, then Dubai Marina is the best area to buy a flat in Dubai. The Dubai Marina is located along the 3.5 km long Dubai Canal, and the area is known for its scenic landscapes, well-planned infrastructure and skyscrapers.
The residents of Dubai Marina can shop for their groceries from Waitrose supermarket, West Zone Supermarket, Spinneys and Al Maya located within the community. For worship, Masjid Al Rahim is present within the community. However, the nearest churches are the United Christian Church of Dubai, St. Francis of Assisi Church and Dubai Mar Thoma Church in Jebel Ali at a 15-minute drive. Whereas the nearest Shiva Temple is located a 25-minute drive in Bur Dubai.
You can choose from a wide range of apartments for sale in Dubai Marina, including studio, 1,2 and 3-bedroom apartments and 4 and 5-bedroom penthouses. The average sales price of apartments in Dubai Marina is AED 1.8M, with an estimated ROI of 7.19%. Marina Diamonds, Manchester Tower, Marina Gate, Marina Pinnacle and DEC Towers are the most popular residential complexes in the area.
Business Bay
The next luxury area to buy an apartment in Dubai is Business Bay. As evident from the name, Business Bay is a mix-use area with commercial and residential buildings. The neighbouring areas of Business Bay include DIFC and Downtown Dubai, which makes it accessible from different parts of the city.
While living in Business Bay, you can shop from Spinneys, Choithrams, Zoom mini-marts and Al Maya supermarket. For worship, you can visit Avenue Park Mosque, Sheikh Rashid Al Maktoum Mosque and Bay Avenue Mosque. The nearest churches are located in Umm Hurair, Bur Dubai at a 15-minute drive, including Holy Trinity Church and The Dubai City Church.
The residential apartments for sale in Business Bay are available in studio, 1,2,3 and 4-bedroom and spacious duplex layouts. Due to its prime location and amenities, the starting price of apartments for sale in Business Bay is AED 1.5M. For a studio apartment, buyers had paid around AED 956k and AED 2.4M for a 2-bedroom apartment. The estimated ROI yield of apartments in Business Bay is around 5.82%. Apart from apartments, you can also find a number of penthouses and hotel apartments located in this area.
Downtown Dubai
If you want to purchase an apartment in the city centre, then Downtown Dubai is for you. As the name suggests, Downtown is located in the centre of the Emirate and is home to a number of iconic landmarks. Residents of Downtown Dubai can leverage a scenic view of Burj Khalifa and Dancing Fountain from their balcony.
While living in Downtown Dubai, you can shop around Waitrose hypermarket, Spinneys and Al Maya for grocery shopping. Moreover, the community has two mega malls, the Dubai Mall and Souk Al Bahar. For prayer, two mosques, namely Dubai Mall Mosque and Souk Al Bahar Mosque, are present. However, churches and temples are 15 to 20-minute drive from the community.
The apartments for sale in Downtown Dubai are available in studio to 5-bedroom layouts. The average sales price of apartments Downtown is AED 2.5M. However, for a 1-bedroom apartment, residents have paid AED 1.4M on average. Whereas the estimated ROI of Downtown Dubai is around 6.43%.
In Downtown, you can find buildings with some of the most unique architecture ranging from low-rise Middle Eastern souq-inspired buildings to high-rise skyscrapers. The list of most popular buildings in the area includes Burj Khalifa, Burj Al Nujoom, The Residences, The Address Residence Fountain Views and The Address Sky View Towers.
Palm Jumeirah
Living on one of the largest man-made islands has its own perks. From sea-facing balconies to ultra-luxury lifestyles, residents of Palm Jumeirah can avail of all. Jumeirah Island is segmented into three areas, the Trunk, the Crescent, and 16 Fronds, with apartments located on the Trunk.
The island has some of the most luxurious hotel chains in the world. The list includes C Central Resort The Palm, Hotel Fairmont The Palm, FIVE Palm Jumeirah Hotel, Anantara The Palm and Atlantis The Palm. Despite being an island, Palm Jumeirah is connected with the city through public transport – the Palm Monorail.
The apartment layout ranges from studio to 6-bedroom apartments with an average size of 375 sq. ft. to 11,770 sq. ft. The average sales price of an apartment in Palm Jumeirah is AED 4.5M.
However, the price of a studio and a 1-bedroom apartment is AED 1.4M and AED 3.2M, respectively. Whereas the estimated ROI of apartments in Palm Jumeirah is 4.64%. The Royal Atlantis Resort & Residences, Signature Villas Frond N, Balqis Residence, Al Das and Garden Homes Frond M are the most popular buildings in the area.
Jumeirah Beach Residence (JBR)
The JBR is a cluster of buildings adjusted parallel to each other on a 1.7 km shoreline. That said, residents of JBR can avail themselves of the breathtaking view of the Arabian Sea from their balconies. To complete the look, JBR buildings are designed in Mediterranean and Arabic-inspired architecture, elevating the area’s aesthetics.
Residents of JBR can visit Waitrose Supermarket, Al Maya Supermarket, Zoom and All Day JBR for grocery shopping. To facilitate residents, each apartment complex has its one mosque, along with Musabeh Al Fattan Mosque and Al-Rahim Mosque, located nearby. The nearest United Christian Church of Dubai is a 12-minute drive. However, the nearest temple is a 25-minute drive located in Bur Dubai.
The community has 35 high-rise buildings (excluding off-plan projects) offering studio to 4-bedroom apartments. With all the above-mentioned facilities, to buy apartments for sale in JBR, investors have paid an average sales price of AED 2.7M. For studio apartments, the price averaged AED 2.5M and AED 3.2M for 2-bedroom apartments. The ROI of the apartments in JBR is estimated to be 5.21%.
This was the complete list of the best places to buy apartments in Dubai. Due to the luxuries and amenities offered by these apartments, the prices are generally high contrary to other areas of the Emirate. If you are limited on budget, browse through these apartments for rent in Dubai and purchase an apartment as per your budget.
Besides, if you are new to the Emirate, read our annual Dubai sales market report 2022 for a comprehensive view of the sales trend in the real estate market.
Stay tuned to dubizzle’s property blog for more information on luxury waterfront apartments in Dubai.